Been waiting patiently since Friday for the Valentia announcement and I just noticed that somebody had posted about the pending Middle East Payment, which has got me thinking and prompted me to do some research on ASX announcements.
12 June 2015 - India Solar Tower Development Update - On release of the funds to RA Solar, Enviromission will receive a US$2,000,000 development fee.
19 June 2015 - Texas Solar Tower Development Agreement - with US$1,000,000 now due to Enviromission in a further two tranches scheduled as; US$500,000 by 30 Sep 15 and US$500,000 by 31 Dec 15
12 Oct 2015 - Middle East Solar Tower Development HOA Signed - QA will subscribe and pay for a placement of Enviromission shares at a price equal to the higher of the AUD equivalent amount of US$0.20cents and the current market price, to the AUD equivalent of US$1,500,000 cash to Enviromission by November 30 2015
15 Apr 2016 - US$15M Investment Timetable Confirmed - Valentia has advised EnviroMission the total funds will be remitted to EnviroMission on or before April 29, 2016.
So if I am not mistaken there should be $2M from India, $1M from Texas, $1.5M from Middle East and $15M from Japan.
This makes US$19.5M investment from 4 different continents, but as far as I can see the cheques are still in the mail.
I hope I am wrong but I am surprised the ASX isn't on to this, or if someone can tell me funds have been received but I don't see any Appendix 3B's
If this money turns up surely we should see a doubling of the share price.
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